IRVINE, Calif., May 9, 2024 /PRNewswire/ -- Interlink Electronics, Inc. (NASDAQ:LINK), a world-leading provider of sensors and printed electronic solutions that support a wide range of applications including Human-Machine Interface devices and Internet-of-Things solutions, today announced its financial results for the three months ended March 31, 2024. Revenue for the quarter was approximately $3.1 million, down 5% from the prior year period due to lower shipments of our traditional force-sensor products and gas-sensor products, offset in part by sales of our new membrane keypads, graphic overlays, printed electronics and industrial label products at Calman Technology Limited, acquired in March 2023. The change in our sales and product mix impacted our gross margin, which was 40.1% for the current quarter compared to 48.4% in the prior-year quarter. The following table sets forth the consolidated financial highlights. Consolidated Financial Highlights (Amounts in thousands except per share data and percentages) Three months ended March 31,  Consolidated Financial Results 2024 2023 $ ∆ % ∆ Revenue $ 3,124 $ 3,278 $ (154) (4.7) % Gross profit $ 1,253 $ 1,587 $ (334) (21.0) % Gross margin 40.1 % 48.4 % Income (loss) from operations $ (751) $ (173) $ (578) Net income (loss) $ (741) $ (191) $ (550) Net income (loss) applicable to common stockholders $ (841) $ (291) $ (550) Earnings (loss) per common share – diluted $ (0.09) $ (0.03) $ (0.06)   Revenue in the first quarter of 2024 decreased approximately 5% from the same quarter last year, due primarily to lower shipments of our traditional force-sensor products and gas sensor products, offset in part by sales at Calman. Our revenues for a particular period are impacted by fluctuations in the timing of receipt and fulfilment of customer orders, which varies based on their demand for their order-flow and production cycles.  Gross profit margin in the first quarter was down from 48.4% in the prior-year to 40.1% in the current year, due primarily to the change in the mix of products sold and also in part to the decline in revenue.  Net income/loss was a loss of $741,000 for the quarter compared with loss of $191,000 for the same quarter last year. The increase in the loss was due primarily to lower gross profit on lower revenue, together with increased intangible asset amortization expense and operating costs related to our recent acquisitions, offset by reduced headcount and lower professional services expenses.  We ended the quarter with $4.4 million of cash and cash equivalents. "We experienced lower demand during the first quarter from certain of our larger force-sensor customers, adversely impacting our revenue and gross margin. We do not expect a significant rebound in order-flow from these customers for the remainder of the year. However, we are seeing traction from several new customers of both our force-sensor and gas-sensor products that we believe have the potential to meaningfully impact revenues in 2025 and beyond," said Steven N. Bronson, ...